January 29, 2013 - The results of the Federal Reserve's (Fed) banking stress tests will be published on 7 March, it has emerged.
The central institution's board revealed yesterday (28 January) that its investigations regarding the health of the balance sheets of the largest financiers in the US will be completed in the near future, while the findings of its Comprehensive Capital Analysis and Review will also be made public in March.
As part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Fed carried out these stress tests to ascertain whether the banks "have sufficient capital to absorb losses and support operations during adverse economic conditions".
It is thought this process will give the Fed a clear idea with regard to the state of financiers' balance sheets, therefore enabling the central bank to make long-term assessments of their health.
The stress tests will provide the institution with information such as banks' loss estimates, capital ratios and revenue.